LDO Funding Rate — live across 14 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized LDO perpetual funding across all 14 venues Perpia tracks. Right now LDO funding is positive on 14 and negative on 0, ranging from +11.4% on Extended to +5.4% on KuCoin — a spread of 6.0%. The widest delta-neutral trade is long KuCoin / short Hyperliquid at 2.8% net APR.
LDO funding rate by venue
13 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended | +11.4% | 1h |
| Hyperliquid | +10.9% | 1h |
| OKX | +10.9% | 8h |
| Bybit | +10.9% | 8h |
| Gate.io | +10.9% | 8h |
| Bitget | +10.9% | 8h |
| BackPack | +10.9% | 1h |
| Variational | +10.9% | 8h |
| Aster | +10.9% | 1h |
| ApeX | +10.9% | 1h |
| Lighter | +10.5% | 8h |
| Binance | +10.0% | 8h |
| MEXC | +10.0% | 8h |
| KuCoin | +5.4% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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LDO funding — FAQ
Is LDO funding positive right now?
LDO perpetual funding is positive on 14 of 14 venues Perpia tracks. The highest is +11.4% on Extended; the lowest is +5.4% on KuCoin.
What is the best LDO funding arbitrage right now?
Go long KuCoin and short Hyperliquid for about 2.8% net APR after fees — the widest delta-neutral LDO spread Perpia currently sees.
Which exchange has the highest LDO funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How LDO funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.